International recruiters offer up to Rs 1.2 crore to IITians on day 1 of placements

Admin| Dec 01, 2016 - 10:21 PM
India

Day 1 of IIT placements saw a clutch of international recruiters rolling out offers of up to Rs1.2 crore to get on board the cream of India’s fresh engineering talent.

Oracle, Microsoft, Uber, Works Applications, Rocket Fuel and NTT Communications were among the companies that made offers to students on Thursday. Big-ticket recruiter Google, which has otherwise gone off-campus this year, made an exception for IIT-Bombay.

According to IIT placement sources, Oracle and Microsoft are offering packages of $135,000-136,000 (Rs92.3-93 lakh). These include base pay, relocation allowance and joining bonus. Including employee stock option, the top offer would be about Rs1.2 crore, said IIT sources. Tokyo-headquartered enterprise software company Works Applications, another regular recruiter on campus, offered around $110,000, all inclusive. Uber Technologies is believed to have made an offer with a base salary of $110,000.

Microsoft and Oracle made international offers at several IITs including Bombay, Guwahati, Roorkee, Madras and IITBHU; while Uber offered foreign postings at Kharagpur, Madras and Bombay, among others. Rocket Fuel came to IIT Kanpur and NTT Communications to IIT Kharagpur.

More international recruiters are lined up to visit these campuses over the next few days. These include Taiwan Semiconductor. On the domestic front, Tower Research was among the highest paymasters, offering up to Rs38 lakh to students, said campus sources. Goldman Sachs offered aroundRs32 lakh, Samsung about Rs24 lakh, Nutanix around Rs20 lakh and American Express about Rs18 lakh, said IITs.

Other companies that made offers on Day 1 included Amazon, Schlumberger, IBM Research, ITC, Boston Consulting Group and Texas Instruments. Uber, Microsoft and Oracle made offers for their local operations as well.

“Fortunately, we do not have floods like last year to spoil the placement process. This year, the salary offers made by companies is definitely higher than last year and so are the number of offers,” said Manu Santhanam, adviser, training and placement, at IIT-Madras.

Oil & Natural Gas Corp visited IIT-Roorkee on Thursday, marking the first by a state-run company on Day 1of IIT campus placement. ONCG alone picked 11students. At IIT-Madras, key government organisations such as the Indian Navy (which made four job offers), ISRO (6) and ONCG (5) had landed up before the official start of the placement season on December 1.

Microsoft was a key recruiter, making as many as 15 offers (6 on Day 1, 7 pre-placement offers and 2 international) at IITBHU alone. Microsoft, Samsung R&D, Goldman Sachs, Oracle, Visa and ITC were among the companies that made more than four offers each at Madras.

At IIT-Bombay, Oracle, Microsoft and Uber made international offers while companies like BCG, Bain, Blackstone, ITC and P&G were among those that made offers for domestic positions. About 500 students and 29 companies participated in the proceedings on Day 1at the institute.